Switching electricity provider: 'There was a 50 charge to end our existing contract but we knew the money would be made back quickly'

"Being self-employed can be a tough role at times, but it can also have its benefits as running your own business and knowing the importance of keeping costs down and the ways in which it can be achieved, are invaluable lessons which can be incorporated into your personal finance. This is true of Keith O'Farrell who runs an artisan bakery called Sourdo'Farrell in Ennis, Co Clare."

"The expert baker was so aware of the need to find the best deal on service providers for his business, that he adopted the same methods at home, and recently discovered that by changing his electricity provider, he could make a good saving."

"Baker and business owner Keith O'Farrell got a 50pc reduction on his electricity standing charge when he switched to a new supplier"

Keith O'Farrell runs an artisan bakery called Sourdo'Farrell in Ennis, Co Clare. Being self-employed can be challenging but also offers advantages, including a deep awareness of controlling business costs. He applies business cost-saving practices to his household finances. He actively sought better deals from service providers for his bakery and used the same approach at home. By switching his electricity supplier he achieved a 50pc reduction in his electricity standing charge, producing a meaningful saving on household energy costs. The experience shows practical benefits of transferring business procurement habits to personal bills.

Read at Independent